Pi Coin (PI) is experiencing a significant rally, reportedly outperforming major cryptocurrencies like Bitcoin and Ethereum. According to CoinGecko data, PI’s price has surged 32.1% in 24 hours and over 111% in the past month. Analysts attribute the momentum to a major protocol update announcement and a forthcoming listing on the Kraken exchange, which has approximately 13 million registered users. However, the token remains down 83.1% from its March 2025 peak amid broader market volatility.
Pi Coin, the cryptocurrency of the Pi Network, is continuing a period of market dominance with substantial gains across multiple timeframes. CoinGecko data shows the asset’s price rallied 32.1% in the last day, 44.9% over the past week, and 111.7% in the previous month.
This rally means an investment on February 11, 2026, would have more than doubled in value. Despite these gains, PI’s price is still down 83.1% since its peak in March 2025. The upward trend began earlier this month following a project announcement of major protocol updates.
The PiCoreTeam stated it would complete migrating to protocol v20.2 before Pi Day on March 14. This news may have significantly improved investor sentiment toward the project.
The latest price surge is also linked to a planned listing on the Kraken exchange, potentially by March 13, 2026. Exchange listings are generally considered bullish as they widen an asset’s potential audience. Kraken reportedly has about 13 million registered users and 1.5 million active users.
While the rally has been strong, PI’s price could face a correction following the exchange listing. Early investors may use the new liquidity as an opportunity to exit their positions.
The broader cryptocurrency market remains fragile and volatile due to rising global geopolitical tensions. Macroeconomic uncertainty is also high with no imminent signs of an interest rate cut.
